Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
Hot Water Heater Condensation. Hot water heater condensation can scare you when it happens. It may appear that your tank is leaking. Sometimes when you run a lot of cold water into the tank, for instance when it is used quite a bit, you will get condensation that drips onto the floor.